Core Viewpoint - The article emphasizes the selection of low-volatility fixed income plus funds as a suitable investment option for medium-term unused funds or remaining amounts from long-term investments, highlighting six recommended funds based on specific criteria [3][22]. Selection Criteria - The funds must have a scale of over 200 million yuan to avoid the risk of liquidation and ensure adequate attention from the fund company [5]. - The maximum drawdown over the past five years should be less than 5% to maintain low volatility [8]. - The equity allocation should be between 5% and 10% to balance between ensuring some equity exposure and minimizing volatility [8]. - The funds should be open-ended and established for more than five years to provide a reliable performance reference [8]. - The annualized return over the past five years should exceed 5% to ensure relatively high returns alongside low volatility [8]. Fund Performance Summary - The selected funds include: - **Huatai Bairui Dingli Mixed A**: Annualized return of 7.78%, maximum drawdown of 4.23%, and a fund size of 3.746 billion yuan [7]. - **Jiaoyin Zengli Enhanced Bond A**: Annualized return of 6.94%, maximum drawdown of 4.68%, and a fund size of 1.2 billion yuan [7]. - **Huaxia Dinghong Bond A**: Annualized return of 5.46%, maximum drawdown of 4.81%, and a fund size of 1.1 billion yuan [7]. - **Southern Songguang A**: Annualized return of 5.30%, maximum drawdown of 2.02%, and a fund size of 200 million yuan [7]. - **Jinying Xinrui Mixed A**: Annualized return of 4.97%, maximum drawdown of 4.08%, and a fund size of 2.4 billion yuan [7]. - **Fengchao Hengli Bond A**: Annualized return of 4.31%, maximum drawdown of 4.14%, and a fund size of 4.17 billion yuan [7]. Investment Advantages - Low-volatility fixed income plus funds offer excellent risk management and drawdown control, resulting in a smoother net value curve for investors [19]. - They provide better return potential than pure bond funds, especially during structural opportunities in the stock market [20]. - These funds serve as a convenient tool for risk-averse investors to achieve a balanced stock-bond allocation without the hassle of manual adjustments [20]. Investment Considerations - The funds may exhibit limited return elasticity and could underperform in a bull market due to their low equity allocation [21]. - They are not entirely "capital-protected," as there remains a risk of loss during extreme market conditions [21]. - The success of these funds heavily relies on the fund manager's ability to make sound asset allocation and security selection decisions [21]. Conclusion - The article concludes that the six identified low-volatility fixed income plus funds are suitable for conservative investment strategies, emphasizing the importance of long-term holding to achieve positive returns despite potential short-term losses [22].